GOLD PRICE TECHNICAL ANALYSIS
We are approaching major a support strip, if we see a stop there, then look again for a return to the top and this time the upper limit of the band stays in the area 1330 + if it will break this level – you should look here NOTED FOR THIS: Gold price pattern
On the other hand, a break on a daily basis is accompanied by a large cycle of the level of 1207 + _ then we have bearish situations who can lead the gold move towards the level of 1040 + _ $
Gold broke Down major support and cross down 1260 $ supports the continuation of bearish overview efficiently, also we can see that Gold failed to break up the upper bounder, we can see very clearly on the charts – trading between 1200-1360+- areas
The big question is when this shuffle trend will finish: will it go to 1400$ Or 1100$?
Gold’s selling pressure continues today when now 1260 price levels is not going to support for this run ‘ I’m expecting to see more downtrend to test lower levels
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This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice